Mr Trump has already scrapped the Trans-Pacific Partnership (TPP) which was signed by 12 countries including Australia, New Zealand, Japan and Mexico.

Within days of taking the White House in January, Mr Trump vowed to put “America First”.

He said: "From this day forward it is only going to be America first. Every decision on trade, on taxes, on immigration, on foreign affairs will be made to benefit American workers and American families.

First 100 days of President Trump Tue, March 7, 2017

President Donald Trump is making a significant impact on global politics during his first term.

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U.S. President Donald Trump arrives aboard Air Force One at Joint Base Andrews, Maryland

"We must protect our borders from the ravages of other countries making our product, stealing our companies and destroying our jobs.”

TTIP negotiations started in February 2014 with Mr Trump throughout his election campaign saying he would bin the beleaguered deal.

Mr Trump’s predecessor Barack Obama and Angela Merkel pushed for the deal, with the German Chancellor saying the agreement was “absolutely in Europe’s interests”.